NNPC has allocated seven crude cargoes for May loading to the Dangote Refinery, up from five in previous months.
This comes as fuel prices in Nigeria have climbed to record highs. The refinery currently meets just over two-thirds of the country's estimated daily demand of 60 million litres. (Punch) The challenge? The refinery requires between 13 and 15 cargoes monthly to operate at optimal capacity. (Punch)
Seven is progress — but it's still less than half of what's needed.
Can NNPC realistically get to 13–15 cargoes given global supply pressure from the Middle East? Or will Nigerians keep absorbing the cost?
This comes as fuel prices in Nigeria have climbed to record highs. The refinery currently meets just over two-thirds of the country's estimated daily demand of 60 million litres. (Punch) The challenge? The refinery requires between 13 and 15 cargoes monthly to operate at optimal capacity. (Punch)
Seven is progress — but it's still less than half of what's needed.
Can NNPC realistically get to 13–15 cargoes given global supply pressure from the Middle East? Or will Nigerians keep absorbing the cost?